Jesse Livermore - Market Key

total classic.


Also, it's absurb to try to systematize a livermore method. The whole point of what he has to offer from a learning standpoint is the subtle intuitive kind of observations. He may have postured himself as having a system of sorts. But anyone who's read, and re-read (and re-re-read) Reminiscences, should have a firm sense that his successes were a result of adjustments on the fly and a killer instinct when he reached a key threshold of intuitive conviction.

Just appreciate the little insights and the subtleties.


(also, he committed suicide as a matter of historical record. But his wife at the time was married 5 previous times. As I understand it, in every case, the marriage ended b/c her husband committed suicide...draw your own conclusions).
 
We live in a different world, but if it were 1925 Jesse Livermore would be long this market big time with FedEx doubling their earnings projections the other day. He loved to follow rails, transports and shipping for 'tips'. Would have worked well so far since they updated forecast.
 
Quote from pjones2012:

I have read a couple great books on Jesse Livermore.

One thing I did not make out (I must have missed it) is what price did Mr. Livermore use for his maket key ananlysis.

What is the: open, high, low, or close.

Does anyone in this forum have any thoughts on this?

Thanks - pjones2012




Highs & Lows are all that really matter in the end.
 
Hello,

I tried to understand the Market Key; it seems that some references to the rules are wrong, or am I missing something?
Chart one : "On April 2nd prices began to be recorded in Natural Rally column. Refer to Explanatory Rule 6-B." Is it not rule 6-C?
Chart Two : "On May 27th... Rule 6-C." Is it not rule 6-E?
"On June 10th... Rule 6-E."; is it not rule 6-G?
... and so on...

If somebody can check it or explain, thank you.
 
Quote from GreenDog:

...for someone w/ 10,000 posts, you don't have a handle on what it's all about. 50-50??

Even, for the sake of argument, if every trade only had a 50-50 chance of success --- you make money (obviously) when your winners total more than your losers.

I'm sure this is posted 100's of times here (I haven't actually logged in in ages), but being correct half the time can be a very profitable proposition.

gd
it sure is if you have a quick exit plan when the trade doesn't go your way and take a little more on your winners. A big part of trading in my opinion is not just spotting good trades but handling the trades and handling money.

http://forexindicators-metrader.blogspot.com/
 
Quote from Trader Neal:

it sure is if you have a quick exit plan when the trade doesn't go your way and take a little more on your winners. A big part of trading in my opinion is not just spotting good trades but handling the trades and handling money.

http://forexindicators-metrader.blogspot.com/

Besides your parabolic SAR what are the other indicators on your charts?
Thanks!
 
Any backtest result?
%%
Most likely since its 9 + years he will not tell much about PSAR;
it is a bit slow,but I like it anyway=reminds me to take profits every now + then...…………………………………………………………………………………………………………………..
 
mounafia

Thank you for your response. After reading your answer, I looked back and realized immediately that I worded my question very poorly - sorry.

Mr. Livermore's "market key" which he put into his book - originally in his 1940 edition - "How to Trade in Stocks" lists a price for each day.

I am not sure which price of the day he uses:

open, close, high or low

Thanks again for your response.

Anyone have any ideas?

Thanks for any assistance.:)

The Close
 
Hello,

I tried to understand the Market Key; it seems that some references to the rules are wrong, or am I missing something?
Chart one : "On April 2nd prices began to be recorded in Natural Rally column. Refer to Explanatory Rule 6-B." Is it not rule 6-C?
Chart Two : "On May 27th... Rule 6-C." Is it not rule 6-E?
"On June 10th... Rule 6-E."; is it not rule 6-G?
... and so on...

If somebody can check it or explain, thank you.

Yeah I can relate to that problem, I think he did that intentionally. It's like a DaVinci code or some sort. We have to break it.
 
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